The market for XRP has been overly bearish, even compared to it's largest competitor Stellar. I do believe this is being oversold do to the news of Stellar and Coinbase, and it hasn't reached potential growth like other alt coins.
It seems a Head and Shoulder formation is starting to form, which would signify the reversal in the market. I have set a couple of resistance points, I do believe there will be enough market sentiment (fomo) to fuel the growth and push through large gaps that have separated Ripple.
Shorts are downtrending and longs, are keeping up. Let's see how this plays out.
It seems a Head and Shoulder formation is starting to form, which would signify the reversal in the market. I have set a couple of resistance points, I do believe there will be enough market sentiment (fomo) to fuel the growth and push through large gaps that have separated Ripple.
Shorts are downtrending and longs, are keeping up. Let's see how this plays out.